The paraplegic man who allegedly tried to import 20.75 pounds of cannabis into the country was remanded to jail and a committal date has been set for his return to court in July.

R Allen Stanford was furious to learn that his finance chief, James Davis, forged his name to a 2007 employee memo abolishing a department Stanford created to “reel in” expenses, a former executive testified.

James M Davis, Stanford Financial Group’s ex-finance chief, told jurors that R Allen Stanford was the mastermind and prime beneficiary of what prosecutors

The United States Department of Transportation (DOT) has fined the Trinidad-based Caribbean Airlines (CAL) US$60,000 for improperly limiting reimbursements for delayed baggage.

More details have emerged about LIAT’s plan to stem its losses – estimated at $21.5 million – including reducing staff by 200 and possible court action against a competing airline.

Chairman of regional air carrier LIAT Jean Holder has warned the “opportunity costs” of not having the airline “are quite substantial.”

Minister of Tourism and Civil Aviation John Maginley has played down the threat posed to LIAT by low cost carrier Redjet and said he is more concerned about competition from Caribbean Airlines.

Prime Minister Baldwin Spencer has stopped short of directly accusing low-cost airline REDjet of predatory pricing, even as he disclosed that the Barbados-based carrier has not approached his government with an offer to begin flights here.

St Lucia’s Minister of Tourism and Civil Aviation Allan Chastanet said the board of directors of LIAT needs replacing if the airline is to move forward.